The Investment Grade Corporate Bond ETF (LQD) tumbled for the third straight day and broke below its August low. This ETF formed a lower high in late August as the 20+ year Bond ETF (TLT) formed a higher high (red line chart). Investment Grade Corporate Bonds are weak relative to Treasuries this month.
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About the author:
Arthur Hill, CMT, is the Chief Technical Strategist at TrendInvestorPro.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London.
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